Consolidated EdisonNYSE: ED

Con Ed (ED) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

On November 7, 2024, after the market closes, Consolidated Edison, Inc. (Con Edison) will announce its earnings for the third quarter of 2024. Con Edison is among the largest energy delivery companies in the U.S., generating around $15 billion in revenue for 2023 and holding $68 billion in assets as of June 30, 2024.

On September 16, 2024, Consolidated Edison, Inc. (NYSE: ED) will give a presentation about clean energy starting at 9 a.m. in New York.

On September 3, 2024, in New York, Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) announced that its executives will hold meetings with investors at various conferences in September and October 2024.

While the revenue and earnings per share (EPS) for Con Ed (ED) provide insight into its performance for the quarter ending in June 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Consolidated Edison (ED) reported quarterly earnings of $0.59 per share, which is higher than the Zacks Consensus Estimate of $0.55 per share. This is a slight decrease compared to earnings of $0.61 per share from the same period last year.

On August 1, 2024, Consolidated Edison, Inc. (Con Edison) announced its net income for the second quarter of 2024, which was $202 million, or $0.58 per share, down from $226 million, or $0.65 per share, in the same quarter of 2023. The adjusted earnings for the second quarter of 2024 were $203 million, or $0.59 per share, compared to $210 million, or $0.61 per share, in 2023.

Consolidated Edison's (ED) second-quarter results are expected to improve due to warmer temperatures and solid growth in rates. On the other hand, increased interest costs might have negatively impacted their earnings.

NEW YORK , July 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 83 cents a share on its common stock, payable September 16, 2024 to stockholders of record as of August 14, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets.